Chinese online retailer raises $78.9 million from US IPO

LightInTheBox becomes the first Chinese company to list in the US since November last year. The stock jumps more than 17% at the start of trading.

LightInTheBox Holding, a Beijing-based online retail company, has raised $78.9 million from its initial public offering on the New York Stock Exchange after fixing the price at the mid-point of the indicative range.

The stock opened 17.5% above the IPO price when it started trading last night and climbed more than 30% in early trading.